Barbra Murray
Energy Industry Yields Mixed Bag for Office Sector
How the changing fortunes of the energy industry are shaping office markets in metros like Dallas, Denver and Pittsburgh.
PCCP JV to Build 725 KSF Indianapolis Industrial Project
The company has teamed up with Strategic Capital Partners to develop a new phase of Metro Air Business Park in Plainfield, Ind.
Paramount to Buy San Francisco Office Tower for $408M
The REIT will secure a joint venture partner for the purchase of 55 Second St., a 387,000-square-foot trophy property in the city’s South Financial District.
Investcorp Grows Germany Presence With $97M Buy
The Bahrain-based company continues its European expansion with the purchase of Airport Centre, a 376,700-square-foot office and industrial property in Hamburg.
Blackstone, COPT Form $265M Data Center Venture
A non-traded REIT sponsored by Blackstone is forming a JV with Corporate Office Properties Trust to buy a 1.2 million-square-foot portfolio of COPT data centers.
India’s OYO Hotels Plans $300M US Expansion
The fast-growing, “value-chic” hospitality chain already has a presence in Atlanta, Miami and several Texas cities, and expects to enter numerous new markets over the next few years.
Pittsburgh Casino Checks In With $60M Hotel
Rush Street Gaming will break ground on the 219-key project this summer, effectively laying the groundwork for the property to become a full-service gaming resort destination.
Ventas Reveals $800M in Projects for Research & Innovation Business
The four university-related developments, totaling 1.3 million square feet in Pittsburgh, Philadelphia and St. Louis, are part of a $1.5 billion construction pipeline with Wexford Science & Technology.
Woodside Health Sells Mixed-Use Florida MOB
Tidegate Capital purchased the roughly 23,600-square-foot Indian River Medical Building & Apartments in Vero Beach, which includes medical office space and 14 residential units.
CBRE: Global Office Occupancy Costs Still on the Rise
Spurred by tenants’ desire to attract and retain the best-of-the-best, average occupancy costs for premier office space increased 3.6 percent over a 12-month period, according to a new CBRE report.